Southwest Gas Centuri CEO Paul Daily to retire; transition agreement provides $2.2M retention bonus

Southwest Gas Holdings, Inc.

Paul Daily, President/CEO of Centuri (SWX sub), to retire in 2024; transition separation agreement signed.
Daily eligible for $2.2M retention bonus if he stays through transition or qualifies; COBRA extension included.
During transition: salary $810k, auto allowance $31.2k, target STI 110% ($891k), LTI 225% ($1.82M).
Legal fees up to $15k reimbursed; reaffirms confidentiality, non-compete, and non-solicitation obligations.
If termination after Dec 31, 2024, 2024 STI guaranteed at target ($891k), prorated LTI vesting.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Paul M. Daily

President and Chief Executive Officer

SWX · Southwest Gas Holdings, Inc.

Filed: December 15, 2023, 6:59 PM ET

Paul M. Daily, President and Chief Executive Officer of Centuri Group, Inc. ("Centuri"), a wholly owned subsidiary of the Company, informed the Company on November 20, 2023 of his plan to retire in 2024 once his successor has been appointed.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Paul M. Daily departed as President and Chief Executive Officer at Southwest Gas Holdings, Inc..

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

Paul M. Daily, President and Chief Executive Officer of Centuri Group, Inc. ("Centuri"), a wholly owned subsidiary of the Company, informed the Company on November 20, 2023 of his plan to retire in 2024 once his successor has been appointed.

View on SEC.gov

Southwest Gas Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-296629

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.